Discovery Health Upgrades Ending March 2023

Discovery Health members can upgrade their medical aid plan before the end of March. As with all medical aids, be cautious when doing so - we suggest speaking to your healthcare broker first.

Our houseview recommendation is Discovery Health Classic Comprehensive with Gap cover to cater for additional expenses. Silke Financial Services cannot offer this Gap product as it is a short-term insurance product.

For more detailed info please use the links provided for in our last Health Communique: Discovery Health Medical Scheme changes for 2023.

Please note the following:

• Impact of plan change on Medical Savings Account amount: Amount owed to Scheme - Please note you may owe the Scheme an amount if more funds in the Medical Savings Account have been used than contributed in the year. Accumulated Medical Savings - Any accumulated Medical Savings balances will be carried over to the new plan. Should you move to a plan without a Medical Savings Account, discovery will refund the accumulated amount within four and half months to the claims refund banking details on record.
• Impact on benefits like Chronic Illness cover and Hospitalisation: Cover may be affected by the plan change. Refer to the updated Cover for Medicine and Treatment of Chronic Conditions benefit guide for the most update to date information Please remember any existing hospital preauthorisation will be impacted by plan changes, including network rules.
• Impact on benefits limits - Benefit limits will be prorated based on the plan change.
• Contribution collection - If your client does not change their plan in time for the contribution collection, the difference in their contribution will be adjusted with their next payment.

Need to make changes?

If you would like to make a change to another plan, please send any changes or updates to us (engage@silke.co.za) if we are your servicing healthcare broker or Discovery Health before 30 MARCH 2023.

Our Integrated Wealthcare approach is based on your personal priorities and aspirations. This process is designed to give you a clear course of action for pursuing your goals that span various time horizons and life stages to empower you to do extraordinary things with your wealth, both now and in the future.

I look forward to talking with you again soon.

Yours in health,

Shane Thom, CFP^® GTP(SA)™
Managing Partner // Key Individual // Integrated Wealthcare Advisor // Personal Portfolio Manager (PPM)